According to the National Taxpayer Advocate, the tax code now has over four million words and individuals and businesses spend about 6.1 billion hours each year doing their taxes and complying with the tax laws. There is no good reason that we should have a tax code nearly as complicated, confusing, and convoluted as it is.
Richard Rahn, Chairman of the Institute for Global Economic Growth, wrote: “None of this is necessary. The United States could move to a simple, flat tax system as other countries have which would raise as much revenue with far lower rates, and without much of the economic and liberty destroying complexity. Better yet, the nation could move to a system of user fees and consumption taxes, as some countries have, enabling the abolition of the income tax. Such a system would greatly increase economic growth and opportunity, individual liberty and reduce health destroying fear and anxiety among the people.”
The over-whelming majority of the people want a much simpler system, but the people, companies, charities, and institutions that have special tax breaks in our present complicated system have thus far been able to defeat major reform.
More on Taxes
Some people refer to today as tax day—the day on which individual income tax returns are due to the federal government.
WASHINGTON – Congressman John J. Duncan, Jr. (R-Tenn.) was ranked one of the most fiscally conservative lawmakers and the top defender of taxpayers from Tennessee by the Nation’s leading taxpayer watchdog group.
The National Taxpayer’s Union (NTU) gave Rep. Duncan a score of 94-percent for his voting record in 2013, placing him third out of the 430 Members of the U.S. House of Representatives who were scored and first from Tennessee. His ranking earned him the “Taxpayers’ Friend Award.”
Tom Brokaw said the targeting of 298 conservative groups by the IRS was “outrageous” and called for a “complete investigation and thorough housecleaning.”
He said this is not “a conservative or liberal issue. It really is about trusting your government.”
WASHINGTON – Congressman John J. Duncan, Jr. (R-Tenn.) received the International Foodservice Distributors Association’s 2014 Thomas Jefferson Award. The Thomas Jefferson Award recognizes the importance of smaller government.
I thank the Gentleman from Florida for yielding
I can't cover all the issues that are being raised here today, but I do want to say this.
WMAL Radio reported this morning that the administration had put out in a list of cuts, which the sequestration would require, that the National Drug Intelligence Center would be cut by $2,000,000.
The only problem is that this Center no longer even exists. It was closed in June of last year.
The scare tactics about the sequester seem to grow more ridiculous—more exaggerated—every day.